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Financing Higher Education Vocabulary

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

You should apply for FAFSA even if you don't think you will qualify for financial aid.

a)

True

b)

False

2.

Which type of financial aid needs to be paid back:

a)

Pell Grant

b)

Left Handers Scholarship

c)

Sallie Mae Loan

d)

Student Center Work Study

3.

Which of these types of secondary education institutions would be the most expensive option

a)

Public, in state college

b)

Community college or trade school

c)

Public, out of state college

d)

Private college (in or out of state)

4.

A public student loan can be obtained through

a)

Bank loan

b)

Federal loan

c)

Sallie Mae

d)

Loan from parents

5.

Which type of loan may be subsidized

a)

Public loan

b)

Private loan

6.

Which is the least expensive type of loan to pay back

a)

Federally subsidized student loan

b)

Private student loan

c)

Federal student loan (unsubsidized)

7.

If you declare bankruptcy, you do not need to pay back your student loan

a)

True

b)

False

8.

______________ means you pause the loan, but interest will still continue to accrue.

a)

Subsidize

b)

Deferment

c)

Forbearance

d)

Consolidate

9.

If you do not know who to address the cover letter to, the best thing to do is...

a)

Write "Hi all..."

b)

Write "Dear Sir/Madam,"

c)

Research the company to find the person who would lead this department

d)

Leave the salutation blank

10.

This is the best option for a professional email address:

a)

pewdiepiefan@gmail.com

b)

jsmith@aol.com

c)

jsmith@gmail.com

d)

jdogindahouse@gmail.com

11.

A resume should not include...

a)

Summary of your job responsibilities

b)

Pertinent awards and activities

c)

Activities not related to the job

d)

Customized information for the job you are applying for

12.

I am having trouble understanding:

a)

Financial aid options

b)

Loans and payment options

c)

Employability - resumes and cover letters

d)

Vocabulary

e)

How this class will impact my life